Parkes ShireEconomic profile
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Parkes Shire

Value added

In Parkes Shire, Mining is the most productive industry, generating $157 million in 2017/18.

Value added by industry is an indicator of business productivity in Parkes Shire. It shows how productive each industry sector is at increasing the value of its inputs. It is a more refined measure of the productivity of an industry sector than output (total gross revenue), as some industries have high levels of output but require large amounts of input expenditure to achieve that.

By comparing the value added of each industry sector to a regional benchmark, you can clearly see the structure of Parkes Shire’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.

To see what contribution each industry makes to the state or region, see the Industry sector analysis section. To understand the value of a worker in each industry, view this dataset in conjunction with Worker productivity data, and to see the relationship of value added to the total size of the economy, go to the Gross Regional Product section.

Detailed notes about how the figures are derived can be found in the specific topic notes section.

National Economics (NIEIR) - Modelled series

Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
Value added by industry sector
Parkes Shire - Constant prices2017/182012/13Change
Industry
(Click rows to view sub-categories)
$m%New South Wales%$m%New South Wales%2012/13 to 2017/18
Agriculture, Forestry and Fishing70.19.11.880.411.82.3-10.3
Mining156.920.32.188.513.02.1+68.4
Manufacturing20.32.66.632.24.77.8-11.9
Electricity, Gas, Water and Waste Services15.01.92.319.92.93.2-4.9
Construction101.213.18.2127.118.67.9-25.9
Wholesale Trade15.01.95.019.72.94.9-4.7
Retail Trade32.04.15.335.05.15.3-3.1
Accommodation and Food Services26.63.43.320.63.03.1+6.0
Transport, Postal and Warehousing67.08.76.051.77.66.7+15.3
Information Media and Telecommunications2.20.34.44.70.74.0-2.5
Financial and Insurance Services21.72.814.916.22.414.1+5.5
Rental, Hiring and Real Estate Services8.01.04.46.71.03.8+1.3
Professional, Scientific and Technical Services13.01.79.815.22.29.0-2.2
Administrative and Support Services11.11.44.315.22.24.4-4.1
Public Administration and Safety81.910.65.751.37.55.8+30.6
Education and Training34.74.55.631.54.65.5+3.1
Health Care and Social Assistance70.89.17.447.16.97.1+23.6
Arts and Recreation Services2.60.31.01.70.20.9+0.9
Other Services24.13.11.918.02.62.1+6.2

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

Value added by industry sector 2017/18
Value added by industry sector 2017/18 Agriculture, Forestry and Fishing, New South Wales: 1.8% Mining, New South Wales: 2.1% Manufacturing, New South Wales: 6.6% Electricity, Gas, Water and Waste Services, New South Wales: 2.3% Construction, New South Wales: 8.2% Wholesale Trade, New South Wales: 5.0% Retail Trade, New South Wales: 5.3% Accommodation and Food Services, New South Wales: 3.3% Transport, Postal and Warehousing, New South Wales: 6.0% Information Media and Telecommunications, New South Wales: 4.4% Financial and Insurance Services, New South Wales: 14.9% Rental, Hiring and Real Estate Services, New South Wales: 4.4% Professional, Scientific and Technical Services, New South Wales: 9.8% Administrative and Support Services, New South Wales: 4.3% Public Administration and Safety, New South Wales: 5.7% Education and Training, New South Wales: 5.6% Health Care and Social Assistance, New South Wales: 7.4% Arts and Recreation Services, New South Wales: 1.0% Other Services, New South Wales: 1.9% Agriculture, Forestry and Fishing, Parkes Shire: 9.1% Mining, Parkes Shire: 20.3% Manufacturing, Parkes Shire: 2.6% Electricity, Gas, Water and Waste Services, Parkes Shire: 1.9% Construction, Parkes Shire: 13.1% Wholesale Trade, Parkes Shire: 1.9% Retail Trade, Parkes Shire: 4.1% Accommodation and Food Services, Parkes Shire: 3.4% Transport, Postal and Warehousing, Parkes Shire: 8.7% Information Media and Telecommunications, Parkes Shire: 0.3% Financial and Insurance Services, Parkes Shire: 2.8% Rental, Hiring and Real Estate Services, Parkes Shire: 1.0% Professional, Scientific and Technical Services, Parkes Shire: 1.7% Administrative and Support Services, Parkes Shire: 1.4% Public Administration and Safety, Parkes Shire: 10.6% Education and Training, Parkes Shire: 4.5% Health Care and Social Assistance, Parkes Shire: 9.1% Arts and Recreation Services, Parkes Shire: 0.3% Other Services, Parkes Shire: 3.1%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in Parkes Shire in 2017/18 shows the three largest industries were:

  • Mining ($157 million or 20.3%)
  • Construction ($101 million or 13.1%)
  • Public Administration and Safety ($82 million or 10.6%)

In combination these three industries accounted for $340 million in total or 43.9% of the total value added by industry in Parkes Shire.

In comparison, the same 3 industries in New South Wales accounted for 2.1% in Mining; 8.2% in Construction; and 5.7% in Public Administration and Safety.

The major differences between the value added by industries of Parkes Shire and New South Wales were:

  • A larger percentage of value added by Mining (20.3% compared to 2.1%)
  • A larger percentage of value added by Agriculture, Forestry and Fishing (9.1% compared to 1.8%)
  • A smaller percentage of value added by Financial and Insurance Services (2.8% compared to 14.9%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (1.7% compared to 9.8%)

Change in value added by industry sector, 2012/13 to 2017/18
Change in value added by industry sector, 2012/13 to 2017/18 Agriculture, Forestry and Fishing, Parkes Shire: -$10.3 million Mining, Parkes Shire: +$68.4 million Manufacturing, Parkes Shire: -$11.9 million Electricity, Gas, Water and Waste Services, Parkes Shire: -$4.9 million Construction, Parkes Shire: -$25.9 million Wholesale Trade, Parkes Shire: -$4.7 million Retail Trade, Parkes Shire: -$3.1 million Accommodation and Food Services, Parkes Shire: +$6.0 million Transport, Postal and Warehousing, Parkes Shire: +$15.3 million Information Media and Telecommunications, Parkes Shire: -$2.5 million Financial and Insurance Services, Parkes Shire: +$5.5 million Rental, Hiring and Real Estate Services, Parkes Shire: +$1.3 million Professional, Scientific and Technical Services, Parkes Shire: -$2.2 million Administrative and Support Services, Parkes Shire: -$4.1 million Public Administration and Safety, Parkes Shire: +$30.6 million Education and Training, Parkes Shire: +$3.1 million Health Care and Social Assistance, Parkes Shire: +$23.6 million Arts and Recreation Services, Parkes Shire: +$0.9 million Other Services, Parkes Shire: +$6.2 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in Parkes Shire increased by 91.5 million between 2012/13 and 2017/18.

The largest change in the value added by industries between 2012/13 and 2017/18 in Parkes Shire was for:

  • Mining (+$68 million)

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